Peloton Interactive Clocks 29% Sequential Revenue Growth In Q2; Top-Line Exceeds Expectations

Benzinga

02 Feb 2023

Peloton Interactive Inc (NASDAQ: PTON) reported a second-quarter FY23 sales decline of 30.1% year-on-year to $792.7 million but topped the consensus of $710.45 million. Revenue improved 29% Q/Q.
The total number of members in the quarter fell 1% Y/Y to 6.7 million.
Ending connected fitness subscriptions rose 10% Y/Y to 3.03 million, and Ending App subscriptions slipped 1% to 0.852 million.
Average net monthly connected fitness churn was 1.1% versus 0.8% a year ago.
Gross profit for the quarter fell 16% to $235 million. Total operating expenses declined 20% to $566.4 million.
Adjusted EBITDA loss for the quarter was $(122.4) million.
The company held $871 million in cash and equivalents as of Dec. 31, 2022.
EPS loss was $(0.98), missing the analyst consensus of $(0.64).
Outlook: Peloton sees Q3 FY23 revenue of $690 million - $715 million, against the consensus of $692.14 million.
The company expects Q3 gross margin of about 39% and Q3 ending connected fitness subscriptions of 3.08 million – 3.09 million.
Price Action: PTON shares are trading higher by 18.33% at $15.30 on the last check Wednesday.

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This article Peloton Interactive Clocks 29% Sequential Revenue Growth In Q2; Top-Line Exceeds Expectations originally appeared on Benzinga.com

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2308051999"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2308051999\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2308051999?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/19UWohObCX8iqhvkjiY0FQ--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/834d90d59fdce53791520cc1b2c5f8bc","is_english":true,"pubTime":"2023-02-02 00:02","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2308051999","market":"us","top_or_hot":-1,"title":"Peloton Interactive Clocks 29% Sequential Revenue Growth In Q2; Top-Line Exceeds Expectations","media":"Benzinga","content":"<html><body><img height=\"400\" src=\"https://s1.yimg.com/uu/api/res/1.2/7g_iLZCBNtHzf6k7Wx2LmQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/Benzinga/834d90d59fdce53791520cc1b2c5f8bc\" title=\"\" width=\"600\"/>\n<ul>\n<li><strong>Peloton Interactive Inc</strong> (NASDAQ: PTON) reported a second-quarter FY23 sales decline of 30.1% year-on-year to $792.7 million but topped the consensus of $710.45 million. Revenue improved 29% Q/Q.</li>\n<li>The total number of members in the quarter fell 1% Y/Y to 6.7 million.</li>\n<li>Ending connected fitness subscriptions rose 10% Y/Y to 3.03 million, and Ending App subscriptions slipped 1% to 0.852 million.</li>\n<li>Average net monthly connected fitness churn was 1.1% versus 0.8% a year ago.</li>\n<li>Gross profit for the quarter fell 16% to $235 million. Total operating expenses declined 20% to $566.4 million.</li>\n<li>Adjusted EBITDA loss for the quarter was $(122.4) million.</li>\n<li>The company held $871 million in cash and equivalents as of Dec. 31, 2022.</li>\n<li>EPS loss was $(0.98), missing the analyst consensus of $(0.64).</li>\n<li><strong>Outlook</strong>: Peloton sees Q3 FY23 revenue of $690 million - $715 million, against the consensus of $692.14 million.</li>\n<li>The company expects Q3 gross margin of about 39% and Q3 ending connected fitness subscriptions of 3.08 million – 3.09 million.</li>\n<li><strong>Price Action:</strong> PTON shares are trading higher by 18.33% at $15.30 on the last check Wednesday.</li>\n</ul>\n<p>Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.</p>\n<p>This article Peloton Interactive Clocks 29% Sequential Revenue Growth In Q2; Top-Line Exceeds Expectations originally appeared on Benzinga.com</p>.\n<p><i>© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</i></p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peloton Interactive Clocks 29% Sequential Revenue Growth In Q2; Top-Line Exceeds Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton Interactive Clocks 29% Sequential Revenue Growth In Q2; Top-Line Exceeds Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-02 00:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/peloton-interactive-clocks-29-sequential-160207945.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Peloton Interactive Inc (NASDAQ: PTON) reported a second-quarter FY23 sales decline of 30.1% year-on-year to $792.7 million but topped the consensus of $710.45 million. Revenue improved 29% Q/Q.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/peloton-interactive-clocks-29-sequential-160207945.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/peloton-interactive-clocks-29-sequential-160207945.html","article_id":"2308051999","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/19UWohObCX8iqhvkjiY0FQ--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/834d90d59fdce53791520cc1b2c5f8bc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2308051999","pubTimestamp":1675267327,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Peloton Interactive Inc (NASDAQ: PTON) reported a second-quarter FY23 sales decline of 30.1% year-on","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Peloton Interactive在Q2的收入环比增长29%；收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTON":1,"QTWO":1,"SQBG":1},"content_text":"Peloton Interactive Inc (NASDAQ: PTON) reported a second-quarter FY23 sales decline of 30.1% year-on-year to $792.7 million but topped the consensus of $710.45 million. Revenue improved 29% Q/Q.\nThe total number of members in the quarter fell 1% Y/Y to 6.7 million.\nEnding connected fitness subscriptions rose 10% Y/Y to 3.03 million, and Ending App subscriptions slipped 1% to 0.852 million.\nAverage net monthly connected fitness churn was 1.1% versus 0.8% a year ago.\nGross profit for the quarter fell 16% to $235 million. Total operating expenses declined 20% to $566.4 million.\nAdjusted EBITDA loss for the quarter was $(122.4) million.\nThe company held $871 million in cash and equivalents as of Dec. 31, 2022.\nEPS loss was $(0.98), missing the analyst consensus of $(0.64).\nOutlook: Peloton sees Q3 FY23 revenue of $690 million - $715 million, against the consensus of $692.14 million.\nThe company expects Q3 gross margin of about 39% and Q3 ending connected fitness subscriptions of 3.08 million – 3.09 million.\nPrice Action: PTON shares are trading higher by 18.33% at $15.30 on the last check Wednesday.\n\nDon't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.\nThis article Peloton Interactive Clocks 29% Sequential Revenue Growth In Q2; Top-Line Exceeds Expectations originally appeared on Benzinga.com.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. 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